Ardana Partners with NEAR To Build Cardano Bridge

Ardana Partners with NEAR To Build Cardano Bridge

Ardana, the first all-in-one stablecoin ecosystem built on Cardano is partnering with NEAR to build a bridge that will allow assets to flow freely between Cardano and NEAR.

By connecting Cardano and NEAR and supporting integrations between projects on both ecosystems, Ardana will enable token transfers between the NEAR and Cardano blockchains and, later on, enable cross-chain smart contract functionality. Eventually $NEAR will also be available as an asset on Cardano, and it will be usable as collateral on Ardana to mint stablecoins.

“At NEAR, we’ve always believed the future of blockchain is multi-chain. A world whereby each blockchain could seamlessly talk and exchange data between one another. Ardana shares that vision, and integrations like this help realise that goal,” said Erik Trautman, NEAR Foundation CEO.

The partnership includes a grant to assist Ardana to build the Cardano-NEAR bridge.

“Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are thrilled to announce a partnership with NEAR that will bring Ardana closer to this goal. The collaboration will help both organizations explore new avenues of growth in the emerging ecosystem of blockchain technology and will prove to be a landmark in the future for blockchain scalability.” said Ryan Matovu, Ardana CEO and Founder.

There will be more updates on our progress as the partnership progresses.